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CNBC
Nov 28, 2012 7:00pm EST
going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates going sky high, no credit standards and sky high tuition. sound likes a real bad story to me. ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank finefein. >> the highlight of the meeting was the intensity from which the white house emphasized that marge al rates as a matter of math and politics have to go up somewhat, if not all the way to 31.6 had to go up and as p he said as a necessary ingredient of a deal, he would support such a rate. >> the president said we would pursue our own interests. i'm not -- i'm certainly not insisting, i don't even desire higher rates. i think there lab drag if revenue goes up and rates go up. but i think there will also be a drag on the american economy if our budget deficit widens out forever, if we're irresponsible and governor doesn't work. le
PBS
Nov 29, 2012 1:00am PST
persuade president obama and congress to avoid the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. >> reporter: the speaker dismissed a call from a fellow republican to give the president what he wants, saying it's not good economics to raise tax rates on small businesses. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. this is not good for our country. it's as simple as that, and the preside
NBC
Nov 28, 2012 6:00pm PST
house with ceos. they met with president obama to discuss the fiscal cliff. the president is putting pressure on republicans to keep middle class americans from falling off the fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried
CNN
Nov 29, 2012 2:00am PST
clear if they will be discussing the fiscal cliff or a possible role for romney in the obama administration or if they're just having lunch. tim geithner also entering the fray, the chief fiscal cliff negotiator will meet with congressional leaders today in an attempt to get talks moving. >>> this alabama teen alleged by beaten by her girl friend's brother insists it didn't happen because she is day. they say the real story will come out when the time is right, for now that's all they're saying. the family is saying it is a hate crime and they want 18-year-old travis hawkins second degree charges upgraded to murder. >>> a texas man is in custody for allegedly making terrorist threats against a san antonio mosque. a witness tells police that 42-year-old christopher bane intended to go to the islamic academy of san antonio and shoot as many people as he could and then kill himself. he was arestrested without incit on tuesday. >>> we are looking at two manatee calves getting much tlc. the newborn was found hungry and all alone over the summer. and then there's pilgrim, rehabbing
FOX News
Nov 29, 2012 2:00pm PST
public eye. president obama was most concerned about that for his daughter. a great tradition. and it shows the world we're made of better stuff than most people. >> kimberly: this is good. fiscal issues and crisis. >> bob: that is a good point. i hope obama would take an opportunity to try to get at least some republican support out of romney for something. on the fiscal cliff issue. >> eric: the republicans have come out. >> bob: maybe reagan could have got out of obama. >> eric: curiosity, do you think any lawmaker in d.c. would listen to romney? >> dana: politically, there is no reason to. i'm curious, look at the picture. not sure about the olive green couches. that is the first time i have seen those. they had white turkey chili. that is the very best. >> brian: at the risk of breaking up is it nice to meet together up a i think about the online book that says he has personal disdain for mitt romney and 85% of the ads that came out for barack obama were anti-romney ads. rather than anti- romney policy. i wonder if he says maybe you could have made it less personal. >> bob: good
FOX News
Nov 28, 2012 10:00pm PST
the top of the agenda in washuar for thursday. two of president obama's top fiscal negotiators are scheduled to meet with lawmakers on capitol hill. an increasing number of republicans say they are willing to give ground on higher tax revenue, but spending cuts are still a sticking point. if the two parties can't agree, tax rates will go up for all americans on january 1. and the owners of two winning powerball tickets get the pleasure of sharing the second larnest jackpot in u.s. history. the ticket to the whopping $588 million prize, sold in arizona and missouri. if you haven't had a chance to check your tickets, the wing numbers are: 5, 16, 22, 23 and 29. and the power ball number is 6. i'm ainsley earhardt. thanks for watching fox. on the " >> greta: alarms are going off among some conservatives in president obama's second term, his liberal supporters are calling for income redistribution. who's doing that and how do they hope to make that happen and can they? byron york just wrote about that, along with the rest of our political panel. byron, you wrote the article. >> there's
NBC
Nov 28, 2012 5:00pm PST
automatically on the top 2%. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her speech to an invite only crowd in palo alto last night. she said she juggles her priorities listing god, family and yahoo. adding, quote, the baby's been way easier than everyone made it out to be. so those have been the two really terrific surprises. the kid has been easier, and the job has been fun. >>> for the second straight day, heroic actions saved lives from a burning vehicle. the good samaritan in this case jesus hernandez saw an rv on fire in east san jose. it happened this morning, and he heard screams for help from that rv. he grabbed a garden hose and was able to open the door and help two women out of the rv. when firefighters showed up, they pulled out a 4 week old pit bullpup
FOX
Nov 29, 2012 4:00am PST
got the president's ear earlier this week on the impending fiscal cliff. today, president obama meets with mitt romney for a private lunch at the white house. and treasury secretary tim geithner will hold talks with congressional leaders about reducing the deficit while keeping the economy growing - a lot of input being gathered on how to resolve the inevitable. president obama met with his cabinet wednesday for the first time since his re-election. but otherwise, his schedule has been filled with business leaders and resolving the fiscal crisis sooner rather than later. "families need confidence to go out and spend going into christmas." tuesday, leaders from small business gave their views. "i said the more people have money in their pocket, the more they'll spend and we'll do better." "i suggested raising the minimum wage, tying it to an inflation index, and national leadership in online retail taxes." and there's a concerted public effort: the white house website features an appeal to "speak out to keep taxes from going up on the middle class." "if congress does nothing, taxes up
KICU
Nov 28, 2012 7:00pm PST
. >>> president obama tried to appeal to average americans to that in his latest effort to avoid the on-coming fiscal cliff. with time running out, there's hopeful talk but no real solutions. >> reporter: backed by 15 million americans, president obama says that he's optimistic about avoiding the so-called fiscal cliff, while at the same time pressuring law makers to get it done. >> i'm asking americans all across the country to make your voice heard. tell congress what a -- >> reporter: extra $2,000 in taxes next year if congress can't reach a deal by december 31st. republicans and democrats are at odds over taxes and entitlements, on taxes, the president wants them raised over $250,000. and the republicans disagree and instead want to cap them at 50,000. >> we're willing to put revenues on the table, as long as we're not raising the rates. >> reporter: balking at cuts to medicare, medicaid. and. >> we have already agreed to a trillion and a half dollars in cuts. in this session of congress. >> reporter: also on the hill today with one laugh of the bipartisan team that offered a defici
FOX Business
Nov 28, 2012 9:00pm EST
congressional leaders and the white house to add vert the fiscal cliff scheduled for tomorrow, but, guess what? the president will not be attending it, secretary tim geithner will. regardless of the -show tomorrow, president obama is hopeful to get a deal done by christmas, not inspiring confidence for pushing small businesses as key democrati leaders refuse to put entitlements on the table. for more on all of this, republican congressman langford of oklahoma. congressman, welcome back, always great to have youere. >> thank y very much. gerri: president with strong words for congress. here's what he had to say. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next wreer. right now, as we speak, coness can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for th
CNBC
Nov 29, 2012 4:00am EST
saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the automaker is prepared for any outcome. cnbc has learned the completion of the so-called volcker rule is being delayed until the end of the first quarter of next year instead of the end of this year. the rule which is named for paul volcker bans banks from proprietary trading. but it's proven difficult for u.s. regulators to define and high volume of feedback has led to push back, repeated push back, of that deadline. mervyn king will release financial stability report today. there's been speculation in the report that king will raise capital requirements for banks and introduce new banking regulations. for our uk viewers, we'll bring you live coverage of the bank of england's report in just over an hour. for thousannow, chris wheeler j. what is your sense of what he could say? >> if we look at the uk banks, perhaps lloyd and those that have the biggest issues despite all the work, i think they're on a glide path to get to wher
CNN
Nov 29, 2012 6:00am PST
timothy geithner. he is being called in as president obama's point man on the fiscal cliff negotiations. he'll meet with congressional leaders this afternoon. republican representative tom cole. >> we have lots of leverage in this negotiation. nobody wants the spending cuts, particularly democrats on the domestic side to go places. this doesn't deal with that. we still have plenty of leverage in the negotiation. i actually think the american people, number one, should never be used as leverage in a negotiation. >> yesterday, president obama met with corporate ceos who said that a compromise is essential to avoiding the so-called fiscal cliff. here is ceo lloyd blankfein. >> reporter: if this were easy, we wouldn't be standing here having come fabs at the white house how to achieve it. it's going to be difficult. i think what we try to do is we try to get in as good a place as we possibly can. i would rather have more of the -- more of the taxes deferred to beyond the period where the economy is weak. >> well, maybe all of this is working. markets around the world are up tod
CBS
Nov 29, 2012 12:00pm PST
the "fiscal cliff" deadline, president obama sent his treasury secretary to capitol hill to negotiate with congressional leaders and it didn't appear to go well. >> i got to tell you, i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the "fiscal cliff" is serious business. and i'm here seriously trying to resolve it. i would hope the white house would get serious, as well. >> house speaker john boehner came out of the meeting declaring himself disappointed with the white house's proposals. he says democrats have failed to offer a specific plan for cutting spending. and sources who have been in on the talks for months say even though in public the deal seems like it won't happen, in private it is starting to take shape. here's some of the details they have given politico.com. taxes will go up about $1.2 trillion, entitlement programs mainly medicare will be cut by no less than $400 billion. there will be at least $1.2 trillion in spending cuts and war cuts. >>> another point in the "fiscal cliff" discussion unemployment a
FOX Business
Nov 28, 2012 7:00pm EST
, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open geyser ceo harvey eisen and republicans who have put tax revenue on the negotiating table , and some republicans have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voter
CNN
Nov 28, 2012 9:00pm PST
be with you. >>> coming up, the fiscal cliff again. the man that helped to bail out president obama, one of mitt romney's top money men. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. insured by unitedhealthcare insurance company. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. les ber . >>> i'll call you at 1:00 tonight, and i will tell you, john, i have got the best idea i ever had. i am going to put every penny i have in
CNN
Nov 29, 2012 4:00am PST
made by president obama and house speaker john boehner, both expressing optimism on fiscal cliff negotiations in the washington. in a new report from the congressional budget office it says more than half a trillion has been spent on jobless benefits over the past five years. $520 billion in jobless benefits in five years. also part of the debate, whether to extend the deadline to file for additional unemployment benefits beyond the end of the year. spending on food stamps is rising. nearly 15 million households received food stampses in 2011, up 10% from the year before according to new data from the census bureau. it shows you the far reach of the government right now in the safety net in supporting american families. all of that at the core of the debate of what's happening with the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lotter
FOX Business
Nov 29, 2012 9:20am EST
accommodate them. tough. and president obama is sending the treasury secretary to argue about the fiscal cliff. and we talk to a reasonable democrat, why the president doesn't just lead. plus, a major incentive to buying the house, the mortgage interest deduction, it costs the federal government a lot of money, that deduction is on the table in those talks, got it? next. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain ickly. try fast, long lasting gaviscon®. i heard you guys can ship ground for less than the ups store. that's right. i've learned the ly way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiy stress. save on ground shipping at fedex office. stuart: one of the biggest incentive to buying a home, mortgage interest deduction. it is on the table in the fiscal cliff tops. that deduction costs the federal government $100
Current
Nov 28, 2012 9:00pm PST
boehner has an opportunity to correct. we'll see if he does. funker oh the showdown on the fiscal cliff, president obama today met with middle class americans, corporate executives and he was urging supporters to use #my2k to determine how tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime you're blinging people into the halls of capitol hill, this is one of the most polarized congresses we have seen. compromise has not been king of the hill for sometime now. i'm not sure it works. last year, bringing public pressure to the payroll cut extension through congress. i'm not sure it works this time, but it's an innovative way to get folks engaged. >> of course all of this negotiation around the fiscal cliff, the president actually indicated today that he might be president-electable. he says he's not necessarily looking for income tax rates as high as they were under president clinton. secretary geithner is going to meet with congressional lea
CBS
Nov 29, 2012 4:00am PST
president obama is hosting mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this morning lottery officials say there are two winning tickets for the grand prize. the winning tickets were sold in arizona and missouri. the prize winners have not come forward. the winning numbers, 5, 16, 22, 23, 29 and powerball 6. the winners will split a jackpot of more than $587 million. second largest in u.s. lottery history. later in the broadcast, a report from anna warner on the down side to lottery fever. addictive gambling. that's later on this morning. this morning the west coast is getting ready for the second of three back-to-back storm systems, the so-called pineapple weather system started in the hawaiian islands. some call it a train. a mix of powerful torrential rains and strong winds. it has knocked down power lines and trees in northern california yesterday. a seco
Univision
Nov 29, 2012 7:00am PST
fiscal inundan twitter luego que el presidente obama pidio a los usuarios de la red social que presionen al congreso para evitar un aumento a los impuestos de la clase media. mas esta tarde. miren a ese angelito hermoso y aquí el desarrollo es fundamental y bueno tenemos técnicas de juego para sus vidas y hablando dd nuestros chiquitos por qué es tan importante jugar con ellos a tan temrpana edad? >>> el juego es muy importante para llevarlo a un nivbel y potencial inmenso y es muy importnate. >>> comenzamos con los primeros meses de vida, qué nos recomiendas? >>> aquí tenemos a una hermosa princesa. >>> aquí aprende a través de todos sus sentidos. les gustan los colores y sentidos y la carita de mamá es lo más importante, las expresiones de mamá es lo mejor! >>> es lo más hermoso! >>> de los cuatro meses a 9, qué hacemos? >>> aquí está el sobrino del chef paco, >>> aquí ya adquieren un poco más de control y gatean y les gustan las burbujas, trabajan en la coordinación y siempre todo físico. muchos gatean y caminan también. >>> importante estar en el piso con ellos en
CBS
Nov 28, 2012 5:00pm PST
, signs of e movement amo >>> just over a month the country to go over the "fiscal cliff" but in washington today signs of some movement among lawmakers. cbs reporter danielle nottingham on how the president is holding their feet to the fire. >>> reporter: president obama is enlisting middle class americans to pressure congress to back away from the "fiscal cliff." >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: he will take his case on the road friday and is asking the public to join a twitter campaign calling on lawmakers to renew tax cuts for families making less than $250,000 a year without delay. >> campaign for his position i did it we understand it but at the end of the day he has to lead on this issue. >> reporter: while congressional leaders meet behind closed doors, some of the biggest names in corporate america are here on capitol hill meeting with lawmakers pushing for solutions. former tennessee governor told lawmakers everything needs to be on the table. >> i do think there's a broad recognition that it has to be both re
CBS
Nov 29, 2012 7:00am PST
. >> fiscal cliff deadline, president obama sends his treasury secretary to capitol hill to negotiate with congre congressional leaders. major garret is at the white house. good morning. >> charlie and norah, even as negotiations intensify, campaigning continues at the white house. president obama is adamant about protecting existing income tax rates for middle income earners and raising them on the wealthy. for the president the politics of this is very simple. he he ran on that issue and against republican obstructionism and won. if republicans don't relent on his issue, other fiscal cliff matters won't be discussed in the president's campaign to end the stalemate will continue. -election pond time since winning re-election, president obama welcomed the applause of hand-picked supporters and wa his calls tolicans not to ignore is calls to protect middle class households. >> it's time for us to work on >> reportel agreed to, which is allow eep middle class tax cuts for >> tax cuts for households that earn more than $250,000 to in a expire. increase.complicity and tax rate theyease. s
CNN
Nov 28, 2012 11:00pm PST
>>> out front next today, president obama and speaker of the house john boehner both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from eit
CBS
Nov 29, 2012 1:35am PST
say how. >>> well, president obama says he hopes to have a deal to avoid the fiscal cliff by christmas. invest fors apparently shared his optimism and stocks closed higher. congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull off. >>> well, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon,,,,,,,,,,,,,, every time someone chooses finish over cascade, it sparks a movement. look ! no ugly spots ! and see that shine ! you've got to try finish. because once they try finish, they can't keep it to themselves. i'm switching for
MSNBC
Nov 29, 2012 2:00am PST
right, president obama wants supporters to go on twitter as washington takes on the fiscal cliff. he's asking people to use the #my2k to explain what they would do with the $2,000 that could be lost to a middle class tax hike. one user talks about buying a mac book. the other talks about the child they're expecting and making the mortgage. but the president is also finding some critics. one of whom wants details on spending cuts. tennessee republican congresswoman marcia blackburn is not thrilled with the fact that all the chair manships voted on yesterday, 19 out of 21, none of them went to women. she says women should be elevated any time there's an opportunity. >>> mitt romney isn't just having lunch with president obama today. he's also seeing running mate paul ryan for the first time since the election. finally, michelle obama unveiled the holiday decorations at the white house which featured 54 christmas trees, a gingerbread house and a statue of the first dog which looked real. >>> let's go to wall street where markets did see a boost. the dow opens at 12,985. that is after risi
Current
Nov 29, 2012 3:00am PST
order to avoid the fiscal cliff. president obama first invited romney on election night when romney called to concede and the romney adviser said it is very gracious and the right thing to do. no aides will be present at today's meeting. the two will speak one on one. even though the two parties are saying they are willing to reach across the aisle during fiscal cliff negotiations, we're not seeing much in terms of a deal. the latest roadblock is the cost of federal retirement programs. republicans are staying is up to the president to cut back on medicare medicaid and social security but democrats want entitlement programs completely off the table. today, the white house is sending treasury secretary timothy geithner and congressional negotiator rob neighbor to capitol hill where they will lay out their proposal with speaker boehner. more bill press is coming up after the break. as always, we're live in our chat room and would love to see you there. current.com/billpress. we're right back. you're about to watch a viewer created ad message for little caesars who proudly salutes unit
FOX
Nov 29, 2012 7:00am PST
. the latest details. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would feel tropical. rain moves back in later this afternoon and evening . >> steve time is now 8:14. next month cosco will spend $3 billion to pay a special 7- dollar dividend to share holders. they want to make the pay out before the higher tax rates may kick in this case congress and the white house can't reach a budget compromise. other companies including tyson foods and wind resorts have announced similar moves. there are reports apple is considered doing the same thing but of course apple has made no comment yet. >> the president is sending the treasurey secretary to capitol hill for fiscal
FOX News
Nov 29, 2012 2:00am PST
that's what watch dogs groups are saying president obama is fight will about top donors talking the fiscal cliff. yahoo and comcast among others. the groups say it's the way the president -- it's the president's way of rewarding his to donors for helping him get re-elected. >> it is a battle on capitol hill. we are four weeks away from going over that fiscal cliff. so far republicans are sticking to their guns. the white house is stepping up negotiations. tim geithner is set to meet top leaders to look closer at the numbers. mike em an mule has more from capitol hill. >> there's a great discussion about raising taxes. many talk about entitlement reform but with the nation's debt at 16 trillion and counting we asked lawmakers what they are willing to cut to get a deal. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, de
CSPAN
Nov 28, 2012 8:00pm EST
, and president obama on the so-called fiscal clef. later, alan simpson and erskine bowles talk about some of the fiscal choices facing congress. >> the program began under one of the advisers to president franklin roosevelt to document the conditions under which people were living. this was back when we did not have television. we had radio, but a lot of places did not have electricity, so they could not listen to the radio broadcast to find out what was going on in other parts of the country. he was an economist from columbia university. he was the head of this project. in 1939, when kodak introduced color film, they sent him to have his photographers try out, see what they could do. kodak was trying to establish a new market and product, and they wanted people who would know how to use it effectively to try it out and publicize it. >> america in the 1930's and 1940's -- the library of congress curator shares some of the 1600 color photographs taken during the depression and world war ii. .nday at 7:00 p.m. on 3. -- c-span 3. >> now, john boehner and house republican leaders talk ab
FOX Business
Nov 29, 2012 6:00pm EST
breaking news. president obama is upping the ante in the delicate fiscal of talk. confirming today the white house making no concessions with republicans and taking a hard line on new taxes. the latest proposal includes over one half trillion dollars tax increase, double the republicans want, and it wanted up-front. also $50 billion in new stimulus spending. they want to raise the federal debt limit without congressional approval. no spending let's. the brakes are off. with more on this, the ag holds 18, president of american action far and former cbo director. welcome to you both. i just want to mention a couple of other things that are in this proposal which frankly shocked me. the payroll tax break continues. we have bipartisan agreement that it would expire. and then a permanent increase in the debt limit. we said that. a one-year extension of expanded jobless benefits. the list goes on and on. it's like a christmas tree. >> i think it's very unfortunate there was a moment not too long ago when we thought there was a fair amount of consensus of apparel taxol they going away, a very
FOX
Nov 28, 2012 5:00pm PST
include senators feinstein and barbara boxer of california. >>> president obama employed a little, in the results of the fiscal cliff. the president surrounded himself with people who he said were middle class americans. if congress does nothing, a series of automatic spending cuts and tax hikes will take in effect in january. the president want to raise income taxes on those who make more than $250,000 a year. republicans don't want to do it and reduce spending cuts. >>> president urges americans to use social media, especially twitter. they introduced the hash tag, my 2k, including my $2 k. how much more each middle class family would pay without congressional action. >> my 2k and e-mail, post office, member of the congress, do what it takes to communicate a sense of urgency. >> republicans are embracing the my 2k hash tag. they are using it to make points against the president's plan. >>> the police standoff is enteringit fifth hour after an animal control officer was shot and killed, helping to evict a man from the northern california home this afternoon. it's happening in the cit
FOX
Nov 29, 2012 12:00pm PST
does not take action to stop them. going over the fiscal cliff could trigger a recession, some say. >>> mitt romney was at the white house earlier today for a lunch meeting with president obama. his invitation keeps the promise he made when he declared victory on election night to talk with the gop candidate about areas where they have common interests. the two were to talk over lunch in the white house private dining room. the president's press secretary said the president didn't have any particular agenda, and it was closed to the media. >>> out of service. we were hear when police tested this emergency phone. we'll show you what happened and tell you why this phone is just part of a larger problem. >>> more specifics on when the next storm arrives in your neighborhood and how much rain it will bring. >>> as the dump truck continued forward, it hit nine other vehicles, so 11 vehicles totaled. >> a truck crashed in the east bay. the simple explanation for what caused it. >>> an unusual accident involving a big rig. the truck driver said he had a sneezing fit while behind the wheel
CNN
Nov 29, 2012 1:00pm PST
big story we're following, the fiscal cliff talks. president obama today drew a line in the sand. so what does it mean for the future of negotiations? >>> also, we talked to the new york city police officer whose private act of kindness has gone viral.ld o moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose increases. patients may experience loss of appetite or weight. patients who weigh less than 110 pounds may experience more side effects. people at risk for stomach ulcers who take certain other medicines should talk to their doctor because serious stomach problems such as bleeding may worsen. patients may experience sl
MSNBC
Nov 29, 2012 6:00am PST
in the last 100 years. with the so-called fiscal cliff looming mr. obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory about tim geithner saying he's not the right guy for the white house to be sending in for these talks. >> do you think tim geithner, secretary geithner is the right person to lead the negotiations for the administration sf. >> i don't know. i don't think this is tim's strong suit. i think tim was given the job of treasury secretary because he understood the banking system. he's not a budget guy. he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the presid
MSNBC
Nov 29, 2012 8:00am PST
these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone call lasted for about a half an hour. politico described it as curt, but may sources say that's not necessarily the case. so of course treasury secretary tim geithner coming in to the hill trying to move the needle on the fiscal cliff and we're hearing that there are sort of broad outlines of a framework emerging. but of course they really need to put some meat on the bones. what does that mean in terms of increasing taxes and cutting medicare. to those are some of the issues being hammered out today. >> kristen, thank you so much. so as we said, it is tim geithner's day on the hill. is this a sign that talks are being accelerating or hitting stumbling blocks? joining me now senator kent conrad. sir, great to have you here. we showed the headline at the top of the show, from politico, the fiscal framework emerging. are the contours of the deal really taking shape? you heard kristen welker saying the description
FOX News
Nov 28, 2012 4:00pm PST
night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >> shepard: well, republicans are saying they need some spending cuts. that they will also have to be part of the deal. and they are accusing the president of campaigning instead of negotiating. >> i mean, every week he spends campaigning for his ideas is a week that we are not solving the problem. it's completely counter productive. the election is over. he won. congratulations. and we have got a hard deadline here, however, and it's still he he is still out on the campaign trail, kind of celebrati
MSNBC
Nov 28, 2012 11:00pm PST
ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fall further, and settle at the 47 mark, exactly. we'll be right back. [ wom
MSNBC
Nov 29, 2012 11:00am PST
for the fiscal cliff is drawing near. you have to imagine that that was a large part of romney's discussions today both with president obama and with ryan. >> kristen welker at the white house, thanks so much. >>> we take you back on capitol hill where congressional leaders put much of their energy on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the wealthy stuck to his guns this morning. >> if we can give the american people an early christmas present, if they can listen to the debate instead of be worried that their own taxes are going to go up, i think that actually strengthens our hand. i haven't changed my mind. i'm not going to come out here and be disingenuous to people. i think it would be a step in the right direction. >> today john boehner expressed disappointment at where the negotiations stand. as our first read team points out, by siding with the white house tom cole may be helping boehner get the deal he wants. joining me now, political editor mark murra
FOX Business
Nov 29, 2012 11:00am EST
follows a 15 minute phone call john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid major proposals from the white house on spending cuts and entitlement reform. right now tim geithner is meeting with senate republican leader mitch mccoll was a key player in this, meeting at 1:00 or so with house democrattc leader nancy pelosi in the earlier first this morning with senate democratic leader harry reid. cheryl: a busy day before the treasury secretary monitoring his movements. dennis: what is the next step in the fiscal cliff talks? 30 days left to negotiate. more posturing ahead? more progress? the senior editor at fortune magazine predicts, i rem
PBS
Nov 28, 2012 5:00pm PST
over the u.s. economic outlook eased slightly after u.s. president barack obama and a top republican in congress hinted they were optimistic about a deal over the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether t
MSNBC
Nov 29, 2012 3:00am PST
could be struck to avoid the fiscal cliff. in another meeting president obama said he believes the framework for a deal could be in place before christmas. >> i'll go anywhere and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now is the time for us to work on what we all agree to which is let's keep middle class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media. it has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag many2k. not y2k. >> i think the twitter hash tag is the thing that's going to push us into the promised land. >> i was incredibly encouraged about the hash tag. i have been impressed and then suddenly said to us -- >>
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